Borrowing

President Bola Tinubu has written to the Senate seeking approval for a fresh ₦1.15 trillion borrowing from the domestic debt market to finance the deficit in the 2025 budget. The request was contained in a letter read on Tuesday by…
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Speaker of the House of Representatives, Tajudeen Abbas, says the parliament stands behind President Bola Tinubu’s deployment of borrowed funds to transformative projects. Abbas spoke on Monday at the African Network of Parliamentary…
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The Speaker of the House of Representatives, Abbas Tajudeen, has dismissed reports suggesting that he condemned government borrowing, insisting instead that his remarks were misrepresented. Speaking at the 11th Annual Conference and…
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By Aminu Abubakar A review of Kano State's Debt Sustainability Report by SolaceBase reveals that the state government plans to borrow N55 billion between the 2025 and 2026 fiscal years, despite growing concerns over rising debt and…
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The Kaduna State Government says the state has not borrowed N36 billion in the past six months. A newspaper report said that the state borrowed the sum of N36 billion in six months, exceeding the combined total of N29.6 billion borrowed…
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The Senate has approved President Bola Tinubu’s request to borrow $ 7.8 billion and €100 million as part of the 2022 – 2024 borrowing plan of the Federal Government. The request was approved after the Senate considered and adopted the…
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President Muhammadu Buhari has written to the House of Representatives seeking an increase in the 2022 budget deficit to be financed through borrowing from the domestic market. Buhari said this in a letter read by Speaker Femi…
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By Abdul Isah. The Chairman Senate Committee on Appropriations, Barau Jibrin has defended Federal Government’s plan to fund a considerable part of the country's 2022 budget by borrowing close to 6 trillion naira from external sources.…
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It is not the intention of this article to go into the merits of the mathematics behind the wisdom of borrowing by the Buhari administration to finance the budget, far from that. In fact, the writer is a fatal failure in Maths. The…
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Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate President Dr. Ahmad Lawan, and Speaker of House of Representatives Mr. Femi Gbajabiamila to reject the fresh request by President Muhammadu Buhari to borrow $4…
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